Topic: [ANN] Xcavator - A Crypto Utility Token for Crypto Mining - page 5. (Read 1094 times)

It's really a brave move to launch a project at this moment since market is very much saturated with new tokens. Your team has any plan to deal with this? Really you need to work hard to deal this situation and not ignore this factor.

We are into cryptocurrency mining since 2018. We have continuously been mining even during the slack period of crypto currencies by optimising the power usage and other operational parameters.

Yes you understand correctly that 0.2 USDT is the price for ICO and the market will decide the price upon listing.

Our token has a unique asset appreciation procedure in which we will use half of the revenue of our mining farms to purchase the tokens at market price thus pushing the prices up.

Thanks for your suggestion, the process has been already initiated some time back and we are in talks with investors for direct sale.

Xcavator is not a mineable token or coin. Xcavator is a Crypto Token which represents mining power. We have come up with a unique concept which will make our subscribers the holder of mining power which will be tradeable.

Xcavator token have a limited supply of 51 million tokens. All the funds from the tokens sale will be used to setup crypto mining farms and revenue will be generated through mining the most profitable crypto currencies. From the mining profits around 50% will be used to buy our own tokens from the market at the prevailing market prices and they will be burned with proof of burn. Balance 50% of the mining revenue will be used for expansion of crypto mining farms which will generate additional mining power, which in future will further increase our profits.

Since 50% of the mining will be used to buy tokens from the market at the prevailing market prices and the tokens will be burned, the total supply of our token will keep decreasing and the demand along with the hashing power per token will keep increasing. Hence, the price of the token will keep increasing and this process will continue forever while additional mining capacity will be added every month.

The decisive power to dictate the price will be given to the general public as at some point of time as the shortage of our token arises XCA token holders will be able to sell their tokens at the price decided by them.

The token subscribers will be gaining from the long-term appreciation of the token value due to the burning process.

Can you please inform us more about this "proven track records" on several aspects as mentioned on your website I quote as below;


As for the token sale event themselves, I understand correctly that 0.2 USDT is the price for ICO and I take that you'll follow the usual path taken by most projects where you'll let market decide what price will be the initial price upon listing?

Do you have any plan to reach out investors directly apart from crowd funding. There is so much saturation in crypto market that investors are afraid of new projects due to reasons like scam. Seeking investment directly from investors give you a backup in case crowdfunding goes not as desired

Going through the website I figure out that the coin is only about mining. Do you have any utility associated with your coin apart from this mining feature? There are already too many coins with mining feature in the market.